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The first time I've heard them formally differentiate percentages among instrument class: "The tax rate would range from 0.02 percent for swaps, futures and credit-default swaps to 0.25 percent for stocks, according to the lawmakers’ letter. Options would be taxed at the rate that applies...

House Dems Mull Ways To Pay For New Job-Creation Bill http://www.easybourse.com/bourse/actualite/house-dems-mull-ways-to-pay-for-new-job-creation-bill-763149 When asked if one way to pay for a job-creation bill would be a tax on financial transactions, House Majority Leader Steny Hoyer...

Good article, thanks. Here are a couple highlights: Lobbyists for securities firms, brokers and banks are all watching the debate but believe it ultimately will fail. "The Obama administration clearly does not support a daily transaction tax," Anne Mathias, an analyst in Washington at...

I read this as well and think the Guardian fabricated this idea of a new Defazio bill. There is absolutely nothing on the net to back this up, including Defazio's website. Plus if the only difference is a few exemptions (i.e. pensions), then it would make more sense to revise the wording of...

Statements today from IMF official: http://uk.reuters.com/article/idUKLD72129220091113 "At this stage we are working on many options and these include a Tobin-like tax on transactions and taxes looking at the past to see if there is any way of getting the (stimulus) money back: taxes on...

Agree, and here's a good comment piece today from WSJ -- brings up some good points in the last few paragraphs: Gordon Brown's Global Tax Trap http://online.wsj.com/article/SB10001424052748704576204574531211500981726.html?mod=googlenews_wsj

"But Britain is determined not to let the idea drop, and government sources said the senior Treasury team, which has already flown to the US capital, would hold meetings with representatives of other G20 economies and senior IMF staff. "We will be engaging constructively," said the source."...

"Rep. Ed Perlmutter of the 7th Congressional District said he would prefer to fund the plan partly through a tax on stock trades. “We helped Wall Street. Now Wall Street can help Main Street!” he exclaimed. Perlmutter laid out a plan to tax every thousand dollars in stock trades $2.50...

Guardian.co.uk seems to be a proponent of the tax given that they are running other pro trans tax articles such as "Don't let a backlash knock out Tobin tax": http://www.guardian.co.uk/commentisfree/2009/nov/10/tobin-tax-backlash-financial-transactions

After watching the recent segment, I think a better idea is to not email anyone associated with the show -- not the host, the producer, sponsors, or anyone else. The host started the show with discussion of the "passionate" feedback she's been receiving and she ended the show with a request for...

So is Gavin Newsom aka the next democratic candidate for Governor. But like you, I hope it passes so I finally have a great excuse to move.

Here you go guys -- sounds like they want it for all derivatives, including forex and futures. They think they can raise $100 billion per year for CA: http://www.rense.com/general88/cali.htm

Another alternative and probably a good transition would be to move to trading full-time and keep your other job part-time, if possible. It's a lot of hours, but it sounds like you're already putting in the same amount of hours now. Even if you keep your other job at just 10 - 20 hours a...

I believe this is how Frank and Lynch spun it at their meeting with the bank heads a few months ago, but they didn't mention a specific number. It sounds like Reuters is crossing the Defazio bill with the Tarp provision.

It seems like there are two ways the IRS could collect this tax -- either via individual tax returns or by making brokers pay the tax, who would then pass it along to customers. If the latter, couldn't someone in the US just use a broker in another country not subject to the tax? If the former...

To all of our ears -- thanks for passing this along and for your diligence on the subject.

I prefer Afro-Asiatic gold hoards, but to each his own :cool:

She probably keeps talking about it because traders keep writing her about it -- she's eating up all the attention you're giving her. Try writing your congress person, broker, software provider, etc. instead.

Still requires a second vote: http://www.bloomberg.com/apps/news?pid=20601087&sid=aXT.s7CqgB0Q Don't some bots use this type of info to front run the market?

Ha! Could be. Do some research to see what other ex-QBs have the same initials. Also, me1969, the initials are not Don Miller per the quote from the blog: "And while I can't share names for confidentiality reasons, he's given me the approval to provide his initials: D.M."